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Author Topic: Could anyone explain me ELI5 about the revised regulation of BitLicense?  (Read 345 times)
Mieehayii
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June 25, 2015, 05:02:11 AM
 #1

Hi everyone, I recenely received a notice from one cyptocoins business, which said they cease to provide service to me due to the BitLicense.

So, I want to know what is exactly the BitLicense (final revised regulation)? What does it say mainly?
What kinds of customers are not accepted by bitcoin business with BitLicense, or without BitLicense?

Thanks for your patience firstly

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ThEmporium
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June 25, 2015, 05:09:24 AM
 #2

Hi everyone, I recenely received a notice from one cyptocoins business, which said they cease to provide service to me due to the BitLicense.
So, I want to know what is exactly the BitLicense (final revised regulation)? What does it say mainly?
What kinds of customers are not accepted by bitcoin business with BitLicense, or without BitLicense?
Thanks for your patience firstly

Seems to me, BitLicense is good in one way. Quoted from this link: http://www.amongtech.com/what-is-bitlicense-and-how-does-it-affect-bitcoins/ What is BitLicense ? " The Bitlicense document contains a regulatory structure for Bitcoin which means that businesses in the state of New York can be sure of what they can and cannot do. This has been done to make it easier for businesses to legally accept the cryptocurrency and has been done to encourage small business owners to accept Bitcoins."
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June 25, 2015, 05:35:34 AM
 #3

i got my License to use a computer when i was 5

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Mieehayii
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June 25, 2015, 05:49:33 AM
 #4

Hi everyone, I recenely received a notice from one cyptocoins business, which said they cease to provide service to me due to the BitLicense.
So, I want to know what is exactly the BitLicense (final revised regulation)? What does it say mainly?
What kinds of customers are not accepted by bitcoin business with BitLicense, or without BitLicense?
Thanks for your patience firstly

Seems to me, BitLicense is good in one way. Quoted from this link: http://www.amongtech.com/what-is-bitlicense-and-how-does-it-affect-bitcoins/ What is BitLicense ? " The Bitlicense document contains a regulatory structure for Bitcoin which means that businesses in the state of New York can be sure of what they can and cannot do. This has been done to make it easier for businesses to legally accept the cryptocurrency and has been done to encourage small business owners to accept Bitcoins."

Hi, thanks for your sharing, I have a question, are the rules work for New York residents? I don't live in New York, but my bank is based in it, so this is why I can't be accepted as a customer by the bitcoin buniness??


and I saw

"The Bitlicense document contains a regulatory structure for Bitcoin which means that businesses in the state of New York can be sure of what they can and cannot do. "

but what is exactly that what they can and cannot do?

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██
██
██
██
██
██
██
██
██
██
██
██
██
.Any Store Can Buy, Sell and Accept Cryptocurrency.██
██
██
██
██
██
██
██
██
██
██
██
██
[[[ Whitepaper    Twitter     Facebook]]]
[[[  Telegram      Medium     Youtube ]]]
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